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Nuance Falls 3% After Q4 Results

Nuance Communications (NASDAQ: NUAN) released its fiscal fourth-quarter earnings results after the closing bell on Monday. The stock jumped 6 percent during regular trade, but shares tumbled around 3 percent in the after hours after the company missed revenue estimates.

Adjusted earnings in the period were $0.51 per share, compared to $0.42 per share, in the year ago period. This beat Wall Street analysts consensus EPS estimates of $0.48.

Operating margin rose from 36.1 percent in last year's fourth-quarter to 37.2 percent.

Total revenue in the period was up 27.7 percent to $468.8 million versus $367.0 million last year. Adjusted revenue rose from $399.5 million to $490.1 million. Heading into the report, Wall Street analysts had consensus revenue expectations of $496.51 million, so the company missed sales targets by a wide margin.